Financial System - Publications - Faculty & Research

Jules S. Bache

Bache took over his uncle’s brokerage business and built it into one of the premier financial services firms in the early decades of the twentieth century. His operation helped to facilitate the reorganization of the American Spirits... View Details

Keywords: Finance

08 Jul 2015
What Do You Think?

Do Americans Work Too Much and Think About Work Too Little?

people spend less time at work by empowering them to take decisions without 2- or 3- levels up approvals ." Tema Frank said that "we need to move to a system where people are compensated based on results achieved rather than... View Details

Keywords: by James Heskett; Financial Services

01 Jun 2017
News

@Soldiers Field

Understanding how the brain’s cognitive system relates to social and economic phenomena—including financial markets—was the focus of an April workshop on Belief Formation and Prediction, sponsored by the... View Details

Ray W. MacDonald

MacDonald presided over Burroughs during a dramatic growth period for the computer industry in the 1970s, and Burroughs’ products for electronic data processing and financial accounting systems were among... View Details

Keywords: Computers & Electronics

01 Mar 2003
News

Rating Better

Three finance professors have devised a new mutual fund rating system that appears to do a better job of separating fund managers whose performance reflects genuine ability from those whose results depend on luck alone. The authors of the... View Details

Keywords: Randolph Cohen; Lubos Pastor; Funds, Trusts, and Other Financial Vehicles; Funds, Trusts, and Other Financial Vehicles

03 Nov 2003
What Do You Think?

Can Investors Have Too Much Accounting Transparency?

Summing Up Basic conclusions that can be drawn from responses to this month's column are that it may or may not be useful to try to legislate accounting transparency. But such efforts address symptoms, not causes, of behaviors leading to purposely misleading View Details

Keywords: by James Heskett

Fast Answer

Sustainability in Energy Industry

financial regulators This report identifies so many important recommendations to address the systemic risk that the climate crisis presents. Global Energy Review 2020 The impacts of the Covid-19 crisis on... View Details

01 Jun 2017
News

Alumni and Faculty Books for June 2017

(Rotman-UTP Publishing) This book tackles the similarities and differences between the financial systems of Canada and the United States. The authors reveal the different paths each View Details

01 Mar 2023
News

Is AI OK?

startup pymetrics, solving the bias problem meant first acknowledging that humans are the most biased decision-makers of all. As a neuroscientist who spent 10 years studying the bias systems wired into our brains, Polli knew that... View Details

Keywords: Alexander Gelfand; Funds, Trusts, and Other Financial Vehicles; Funds, Trusts, and Other Financial Vehicles

01 Mar 2009
News

Where Are They Now?

financial measures of performance,” he says. “How do you design a performance measurement system that is both useful for monitoring purposes and motivates people to do the right thing? We know that View Details

Keywords: Margie Kelley; Colleges, Universities, and Professional Schools; Educational Services

01 Feb 1997
News

Merton Discusses Risk Management at Dean's Seminar

Global Financial System: A Functional Perspective, which analyzes the world's financial institutions, Professor Merton addressed seminar participants - including HBS faculty, research associates, and... View Details

Keywords: Elizabeth McNair

01 Dec 1997
News

"Economists are puzzle solvers..."

structural changes in financial systems all over the world - it's easy to see why the ability to take financial securities and products, many of which never existed before, and... View Details

01 Jun 2009
News

Letters to the Editor

Praise for March Cover Congratulations on cracking the mold of a one-subject cover for the March issue. I found the four of your financial crisis articles extremely interesting, especially Niall Ferguson’s book excerpt on “Chimerica”!... View Details

Keywords: News, Library, Internet, and Other Services; Information

01 Dec 2008
News

The CEO and the Functions of Leadership

coordination across activities and units. Both structure and processes must align with strategy. Commitment: An organization’s leadership has to provide financial and other incentives that align with strategy and goals to ensure broad... View Details

01 Dec 1997
News

Merton's Economics Research Wins Nobel Prize

In a predawn phone call on October 14, the Royal Swedish Academy of Sciences informed HBS professor Robert C. Merton that he had won the 1997 Nobel Prize in Economics. Merton's work evaluating risk has changed the nature of financial... View Details

02 Oct 2012
News

Green Pioneer

Zofnass Photo courtesy Paul Zofnass A longtime environmentalist, Paul Zofnass (MBA 1973) founded the Environmental Financial Consulting Group (EFCG) in 1990, after 17 years in finance at Citibank and at Oppenheimer (where he was managing... View Details

Keywords: Securities, Commodities, and Other Financial Investments; Securities, Commodities, and Other Financial Investments; Securities, Commodities, and Other Financial Investments; Securities, Commodities, and Other Financial Investments

16 May 2017
First Look

First Look at New Ideas and Research, May 16

sharing system recording employees’ creative work—a control system often used to promote local experimentation—on the quality of creative work, job engagement, and financial... View Details

Keywords: Re: Multiple Faculty

07 Jul 2009
Research Event

Business Summit: Historical Roots of Globalization

of convergence can be hard for people and countries to support, though, and over time can mount into an anti-globalization backlash. Globalization today faces a legitimacy crisis that has been unfolding for the past decade, a product largely of View Details